Business: Spalding

Sixty-one years ago a 17-year-old boy at Dexter Park, Chicago, pitched for a baseball team called the "Forest Citys" of Rockford, Ill. and defeated an eastern team, the "Nationals," by the then not so peculiar score of 29 to 23. The boy's name was Albert G. Spalding.

Last week, Manhattan financial reports included an offering of 50,000 shares of A. G. Spalding & Bros., the issue being no-par common at $65. Directors approved a five-to-one stock split-up, increasing common from 60,000 shares, $100 par to 500,000 shares, no-par. Among backers of the new issue...

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